Coal Plant Decommissioning Services Revenue Will Total $5.3 Billion From 2013 to 2020

August 6, 2013

Driven by tightening environmental regulations, competition from natural gas plants, and public pressure for cleaner sources of electricity, utilities will retire record numbers of aging coal plants between 2013 and 2020.  The coming wave of retirements offers significant opportunities to the companies that will carry out the decommissioning processes.  According to a new report from Navigant Research, worldwide revenue from coal plant decommissioning services will total $5.3 billion from 2013 to 2020.

“Utilities and other plant owners face a series of complex decisions in retiring aging coal plants,” says Richard Martin, editorial director with Navigant Research.  “Developing a strategic plan, in consultation with a company that has experience in these major plant decommissioning projects, will be a critical element of the process of retiring these facilities and remediating the associated environmental issues.”

Actual demolition of the plant is not likely to be the most costly part of the decommissioning process, according to the report, and the value of the scrap metal from the plant on the open market will, in some cases, fully offset the cost of demolition.  Environmental remediation will be the most expensive phase of many decommissioning projects.  In particular, disposing of coal ash, typically stored in ponds onsite, will present a serious challenge in carrying out decommissioning projects.

The report, “Coal Plant Decommissioning”, examines the market for coal plant decommissioning, taking into account the full range of options for plant owners in deciding the fate of these facilities.  The report includes forecasts for North America and Western Europe for both the number of coal plant retirements and the revenue from coal plant decommissioning, through 2020.  Key players in this market are profiled, and conclusions and recommendations for both plant owners and providers of decommissioning services are provided as well.  An Executive Summary of the report is available for free download on the Navigant Research website.

Contact: Richard Martin

+1.303.493.5483

richard.martin@navigant.com

* The information contained in this press release concerning the report, “Coal Plant Decommissioning,” is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Register to Receive Updates

Sign up or login to receive free newsletters, research updates, access to webinars, and other analyst content from Navigant Research.

Research News

Rss
Utilities and Grid Operators Will Invest More than $42 Billion in Flexible Alternating Current Transmission Systems from 2014 to 2022
July 29, 2014The growth in distributed renewable energy resources is driving demand for large-scale FACTS deployments, report concludes • The first flexible alternating current transmission systems (FACTS), which mitigated voltage drops on the…
Read More »
Shipments of Smart City Communications Nodes Will Reach Nearly 55 Million Annually by 2020
July 28, 2014Fragmentation across sectors and departments is a persistent problem, report finds • Ubiquitous and embedded communication services lie at the heart of the innovations in energy,…
Read More »
Commercial Building Owners and Managers Will Invest Nearly $960 Billion in Energy Efficiency Retrofits from 2014-2023
July 24, 2014 Payback periods remain a critical factor for decision-makers on retrofit projects, report finds • Because the existing building stock dwarfs the amount of building space that is added…
Read More »
Lithium Ion Batteries for Consumer Electric Vehicles Will Surpass $24 Billion in Annual Revenue by 2023
July 22, 2014Automakers have yet to agree on battery performance standards, report finds • Lithium ion (Li-ion) batteries have emerged as the leading battery technology for a wide…
Read More »
View All News

{"userID":"","pageName":"Coal Plant Decommissioning Services Revenue Will Total $5.3 Billion From 2013 to 2020","path":"\/newsroom\/coal-plant-decommissioning-services-revenue-will-total-5-3-billion-from-2013-to-2020","date":"7\/29\/2014"}